The North America Respiratory Devices Market was worth $4.62 billion in 2016 and estimated to be growing at a CAGR of 9.35%, to reach $7.22 billion by 2021. Respiratory devices are devices that are used to support people who are suffering from respiratory problems and cannot achieve satisfactory oxygen levels to sustain life.
Respiratory diseases are the main cause of deaths globally. Lung infections like pneumonia and lung cancer, chronic obstructive pulmonary disease (COPD), and tuberculosis together accounted for around 12.5 million deaths globally during 2015, which is on-fifth of the worldwide total. These devices help in the exclusion of mucus from the respiratory airways and in doing so augment the pulmonary function.
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The growth of the North America Respiratory Devices Market is mainly due to factors such as increase in the prevalence of respiratory diseases such as asthma and COPD, technological advancement in the healthcare industry, and rising aging population. However, growing healthcare costs and harmful effects of certain respiratory care devices on neonates are the main factors restraining the growth of the market in this region.
The North America Respiratory Devices market is segmented based on Type. The market for Respiratory Devices, on the basis of type, is segmented into Therapeutic Devices, Diagnostic and Monitoring Devices, and Disposables. On the basis of Therapeutic Devices, the global Respiratory Devices market is segmented into BI-PAP Devices, Nebulizers, Ventilators, Resuscitators, CPAP Devices, Humidifiers, Oxygen Concentrators, Inhalers. On the basis of Diagnostic and Monitoring Devices, the North America Respiratory Devices market is segmented into Sleep Test Devices, Pulse Oximeter, Spirometers, Peak Flow Meters, Capnographs. On the basis of Disposables, the global Respiratory Devices market is segmented into Cannulas, Filters, Masks, Tubes, Breathing Circuits. Based on End Users the North America Respiratory Devices market is segmented into Hospitals and Home Care. The therapeutic devices segment leads the global market and this is mainly due to the growing adoption of several therapeutic devices such as nebulizers, humidifiers, and oxygen concentrators.
The North America market has been geographically segmented into segmented into US and Canada. The USA leads the market in this region with a share of almost 70%. The North America market is very advanced and is fixated on innovating economical devices. Companies are dedicated to research, sourcing, and quality, factors that are vital to the success of the industry.
The major companies dominating the market in this region are Masimo Corporation, ResMed, Inc., Fisher and Paykel Healthcare Limited, Philips Healthcare, Covidien plc, and CareFusion Corporation.
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